This question is based on Example #2 in the Chapter 4 Example packet. This example uses...

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Answer 1

Answer #1

Total cost = Direct material + Direct labor + Overheads

= 660,000+216000+393*300 + 18929*14 + 4725*9

= $1,301,431

Cost per TV = 1,301,431/3000

= $433.8103

i.e. $433.81

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Answer 2

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